Honda India Power Products Limited has informed the Exchange regarding Change in Auditors of the company.
HONDAPOWER · price
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Awaiting price reaction for this filing.
At its AGM on September 25, 2025, Honda India Power Products shareholders approved two key items. First, the company will amend its Memorandum of Association to formally enter the electric motor business, including manufacturing its 'eGX' Electric Motor Unit aimed at noise- and emission-sensitive environments like schools, hospitals, and indoor facilities. Second, M/s TVA & Co. LLP, a firm of Company Secretaries, was appointed as the Secretarial Auditor for a 5-year term covering FY 2025-26 to FY 2029-30. The amendment to the MOA is subject to approval from the Registrar of Companies, Delhi & Haryana. Despite the headline mentioning a 'change in auditors,' the document actually reflects a new appointment of a secretarial auditor rather than a statutory auditor change or resignation.
The MOA amendment signals a strategic diversification into electric motors, which could be positive for long-term growth as the company aligns with sustainability trends. The secretarial auditor appointment is a routine compliance matter with no material impact on shareholders or stock price.